FHBNasdaqState Commercial BanksFiscal year ends December 31
FIRST HAWAIIAN, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 3, 2026
$24.94−0.01 (-0.04%)
Close on Oct 19, 2026
- Market cap
- $3.05B
- P/E (TTM)
- 10.8
- Dividend yield
- 4.17%
Margins
Share of revenue, fiscal years 2013 to 2025
Net margin
31.4%+6.0 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.9% | +3.6% | +3.7% | +2.6% | |
| Net income | +20.0% | +1.3% | +8.3% | +2.6% | |
| EPS, diluted | +22.9% | +1.9% | +9.0% | +3.7% | |
| Free cash flow | +5.0% | -10.1% | +11.5% | +9.4% | |
| Dividend per share | 0.0% | 0.0% | 0.0% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 8.8% | 6.9% | 10.3% | |
| Return on assets | 1.2% | 0.9% | 1.2% | |
| Capex to revenue | 2.2% | 4.6% | 3.6% | |
| Diluted shares | 139M | 130M | 126M |
Where the cash went
Fiscal 2021 to 2025, five years combined
First Hawaiian generated $1.76B from operations and spent $997.89M on capital expenditure, dividends and share buybacks. 11% of that went back into the business.
Generated
$1.76B
Used
$997.89M
Capital expenditure$110.29M11%Dividends$663.12M66%Share buybacks$224.48M22%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin31.4%
×Asset turnover0.04×
×Equity multiplier8.87×
=Return on equity, FY202510.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 31.4% | 0.04× | 8.87× | 10.3% |
| FY2024 | 28.5% | 0.03× | 9.55× | 9.0% |
| FY2023 | 28.1% | 0.03× | 10.41× | 9.9% |
| FY2022 | 33.5% | 0.03× | 10.06× | 10.8% |
| FY2021 | 37.1% | 0.03× | 8.82× | 9.8% |
| FY2020 | 25.3% | 0.03× | 7.95× | 6.9% |
| FY2019 | 37.1% | 0.04× | 7.91× | 11.0% |
| FY2018 | 35.5% | 0.04× | 8.16× | 10.5% |
| FY2017 | 25.0% | 0.04× | 8.03× | 7.3% |
| FY2016 | 32.1% | 0.04× | 7.48× | 8.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 6 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$276.27M
- Cash generatingOperating cash flow above zero$335.07M
- Return on assets improvedROA up on the prior year0.9% → 1.2%
- Earnings backed by cashOperating cash flow above net income$335.07M vs $276.27M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise128M → 126M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.03 → 0.04